15 May 2026

Aldar Properties and Abu Dhabi’s Department of Municipalities and Transport (DMT) have entered into a strategic public-private partnership to support the next phase of urban development in the emirate. The collaboration will focus on building integrated communities across Abu Dhabi with a wider range of housing options for residents. As part of the initiative, the partners will also work on activating an undeveloped island for the first time. The move comes as Abu Dhabi continues to expand residential infrastructure amid population growth, rising investor interest, and increasing demand for planned urban communities across the UAE capital.Read more

15 May 2026

UK-based Picton Property Income has agreed to a GBP 403 million (USD 546.4 million) all-share takeover by a consortium comprising LondonMetric Property and Schroder Real Estate Investment Trust (REIT). The deal values Picton at 78.2 pence per share, representing a premium of around 7% over its previous closing price. Under the transaction, Picton shareholders will receive shares in both acquiring companies, allowing them to continue participating in the combined property portfolios. The acquisition is expected to strengthen the scale and market presence of LondonMetric and Schroder REIT in the UK real estate investment sector.Read more

15 May 2026

• PSP Swiss Property reported an EBITDA margin of 84.6% and return on equity of 4.6% for the first quarter of 2026.
• Rental income increased 0.7% year-on-year to CHF 87.5 million, while the vacancy rate stood at 3.9% at the end of the quarter.
• The company maintained strong liquidity with unused committed credit lines of CHF 915 million during the reporting period.Read more

15 May 2026

KKR & Co. Inc. has announced the sale of a Danish residential portfolio to Pears Global Real Estate Denmark as part of its continued portfolio management strategy in Europe. The transaction includes 213 residential units located in Copenhagen, one of Denmark’s strongest housing markets. While the financial details of the deal were not disclosed, the sale reflects ongoing investor interest in stable residential assets across key European cities. KKR has remained active in the European real estate market through acquisitions, developments and strategic exits across residential and logistics segments.Read more

14 May 2026

• ASOS will sell its Lichfield fulfilment centre to Marks & Spencer for GBP 66 million, or nearly USD 90 million.
• The deal is expected to generate a one-time pre-tax profit of around GBP 85 million for ASOS.
• ASOS said the transaction will also help reduce annual cash operating costs by nearly GBP 6 million.
• The company is restructuring operations to cut excess capacity and simplify its business amid weak consumer spending and inflationary pressure.
• ASOS expects the transaction to be completed in the second half of fiscal year 2026, while its Atlanta facility will remain its only non-core asset.Read more

14 May 2026

Dubai Holding has become the largest shareholder in Emaar Properties after acquiring a 22.27 per cent stake from Dubai’s sovereign wealth fund in an off-market transaction valued at around USD 6.5 billion based on prevailing market prices. Following the transaction, Dubai Holding’s shareholding in Emaar has increased to 29.73 per cent. The deal reshuffles ownership within Dubai’s state-linked investment network while keeping overall government-backed ownership unchanged. Emaar, one of the Middle East’s largest listed developers, has a diversified portfolio spanning residential, commercial, retail and hospitality assets across multiple international markets. The transaction comes amid weakness in Dubai equity markets, with Emaar shares declining around 15 per cent since the beginning of the year.Read more

14 May 2026

Equinix plans to invest more than USD 190 million to develop a new data centre in Kuala Lumpur, marking its fourth facility in Malaysia. The project will be located close to the company’s existing data centre campus in the Malaysian capital and will accommodate more than 2,200 cabinets. A significant portion of the facility’s capacity will support liquid cooling systems designed for artificial intelligence and high-performance computing workloads. The expansion forms part of Equinix’s long-term growth strategy in Malaysia, where the company has secured adjacent land parcels for future development. The announcement comes as Malaysia’s data centre sector faces increasing scrutiny over electricity and water consumption, alongside geopolitical concerns linked to the use of Southeast Asian markets for access to restricted AI semiconductor technology.Read more

14 May 2026

• Workspace rejected Saba Capital’s proposal to wind down the business over 12 months, stating that the plan was not achievable and would not maximise shareholder value.
• Saba Capital, which holds around 18.21% stake in the company, has also proposed removing five non-executive directors and appointing four new directors ahead of the July 23 AGM.
• The office-space provider continues to face pressure from hybrid working trends, lower rental growth and rising costs, with the company earlier warning of a sharp decline in fiscal 2027 profit.Read more

14 May 2026

Australia is expected to announce one of its most significant housing and property tax reform packages in decades as part of the federal budget scheduled for release later on Tuesday. The centre-left Labor government is reportedly considering changes to capital gains tax concessions and negative gearing rules amid growing concerns around housing affordability and intergenerational inequality. Treasury projections indicate the budget deficit will narrow more than previously forecast due to stronger commodity-linked revenues, with the fiscal position improving by AUD 44.9 billion compared to earlier estimates. The budget is also expected to include additional defence spending, fuel reserve investments and savings measures linked to welfare reform. The proposals come as Australia faces elevated inflation, rising interest rates and growing pressure on household affordability.Read more

13 May 2026

• New York City’s Rent Guidelines Board has kept open the possibility of a rent freeze for nearly one million rent-stabilized apartments after approving a preliminary rent increase range of 0% to 2% for one-year leases and 0% to 4% for two-year leases.
• The proposal is being viewed as an early test of Mayor Zohran Mamdani’s campaign promise to freeze rents amid rising housing costs and affordability concerns across the city.
• Tenant groups demanded a complete rent freeze or rollback, while landlord bodies including the Real Estate Board of New York argued that rising operating and maintenance costs are putting financial pressure on property owners.Read more